Higgi Limited

Higgi Ltd from Chester UK: a small, active company founded 97 years ago, boasts 7 employees and holds £1,524,830 in assets. Operating from a virtual address, it’s managed by three directors and two owners. The company irregularly imports and exports fertilizers, with one month of imports recorded in 2022 and two months of exports as of November 2024.

Higgi Limited’s website doesn't provide much information about its operations beyond the basic company details. It appears to be a wholesale business, with no obvious e-commerce presence.

Financially, Higgi Ltd presents a mixed picture. While the company’s assets remain substantial, key metrics show some concerning trends. Current assets decreased by 7.7% to £1,500,000, and net assets fell 4.9% to £1,900,000. Trade debtors have dropped significantly, by 57%, which could be a positive sign of improved collection efforts, but it also suggests a potential slowdown in sales. Bank borrowings have increased by a substantial 2,400%, reaching £29,000, and cash reserves have fallen 1.3% to £1,400,000. Creditors have also decreased by 42%, which is good. The company's small size—meeting two of three criteria for a small company—helps it maintain flexibility, but the decline in equity warrants closer scrutiny. The accounts are unaudited, and no auditor is mentioned, which is typical for companies of this size.

The company’s irregular import and export activity suggests a business that operates on a project-based or seasonal basis, rather than a steady flow of goods. The increase in bank borrowings could be to cover short-term operating expenses, or perhaps to invest in new equipment or inventory.

Registered in England/Wales under the registration number 00223286, with a registered address at CH4 9GB, England, Chester, The Foundation Herons Way, Chester Business Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.